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Norwegian Cruise Line Holdings: 'We're in best booked position in the company’s history'

Submitted by members on Thu, 02/23/2017 - 05:20

In its fourth quarter and full year results the company also reported that pricing was “slightly above the prior year”.

For the fourth quarter revenue increased 8.5% to $1.13 billion, a little more than the $1.11 billion analysts expected.

For the full year, total revenue increased 12.2% to $4.9 billion and gross yield increased 0.7%.

Frank Del Rio, president and chief executive of Norwegian Cruise Line Holdings, said: “2016 marks another record year of earnings, continuing our track record of solid EPS (earnings per share) growth, which has grown fivefold since 2013, the year of our initial public offering.

“This solid revenue and earnings trend is expected to continue in 2017 as we are now in the best booked position in our company’s history with pricing slightly above the prior year.”

The company said it was expecting to see “another year of solid financial performance” in 2017, including double-digit adjusted EPS growth.

“In addition, this year marks another key milestone with our much-anticipated debut into the Chinese cruise market with the delivery of Norwegian Joy,” said Wendy Beck, executive vice-president and chief financial officer of Norwegian Cruise Line Holdings Ltd.

Norwegian Cruise Line Holdings has also provided guidance for the first-quarter and full-year 2017.

“The company does not provide guidance on a GAAP (generally accepted accounting principles) basis because the company is unable to predict, with reasonable certainty, the future movement of foreign exchange rates or the future impact of certain gains and charges,” said the firm in a statement.

“These items are uncertain and will depend on several factors, including industry conditions, and could be material to the company’s results.”

Earlier this month Norwegian Cruise Line announced a new order for a next generation of ships, with four on order and the option for an additional two.

The ships – each worth €800 million – will accommodate around 3,300 guests, and are scheduled for delivery in 2022, 2023, 2024 and 2025.

The additional two ships could then be delivered in 2026 and 2027.

The company said the new class of vessels would build on the line’s most recent Breakaway-Plus class ships and would feature “innovative designs”.